Scholastic Corporation $SCHL Shares Sold by Rhumbline Advisers

Rhumbline Advisers lessened its holdings in Scholastic Corporation (NASDAQ:SCHL) by 10.2% during the 1st quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 73,281 shares of the company’s stock after selling 8,356 shares during the quarter. Rhumbline Advisers owned approximately 0.26% of Scholastic worth $1,384,000 at the end of the most recent quarter.

A number of other institutional investors also recently bought and sold shares of SCHL. Lazard Asset Management LLC acquired a new position in shares of Scholastic during the 4th quarter worth about $33,000. GAMMA Investing LLC lifted its stake in Scholastic by 182.4% during the first quarter. GAMMA Investing LLC now owns 1,776 shares of the company’s stock worth $34,000 after purchasing an additional 1,147 shares during the last quarter. CWM LLC boosted its holdings in Scholastic by 508.7% in the first quarter. CWM LLC now owns 4,194 shares of the company’s stock valued at $79,000 after purchasing an additional 3,505 shares in the last quarter. US Bancorp DE increased its stake in Scholastic by 6.2% in the first quarter. US Bancorp DE now owns 11,137 shares of the company’s stock valued at $210,000 after purchasing an additional 654 shares during the last quarter. Finally, MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. raised its holdings in Scholastic by 4.8% during the first quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 13,851 shares of the company’s stock worth $262,000 after purchasing an additional 630 shares in the last quarter. 82.57% of the stock is owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

SCHL has been the subject of several research analyst reports. B. Riley initiated coverage on shares of Scholastic in a report on Wednesday, September 3rd. They issued a “buy” rating and a $37.00 target price for the company. Wall Street Zen cut shares of Scholastic from a “buy” rating to a “hold” rating in a research report on Friday, September 5th. One research analyst has rated the stock with a Buy rating, According to MarketBeat, Scholastic has an average rating of “Buy” and an average price target of $37.00.

Scholastic Trading Down 12.0%

Shares of SCHL stock opened at $24.23 on Friday. The business’s fifty day moving average price is $24.97 and its 200 day moving average price is $20.92. The firm has a market capitalization of $606.96 million, a PE ratio of -36.71 and a beta of 1.24. The company has a debt-to-equity ratio of 0.26, a current ratio of 1.16 and a quick ratio of 0.76. Scholastic Corporation has a 1-year low of $15.77 and a 1-year high of $34.18.

Scholastic (NASDAQ:SCHL) last posted its quarterly earnings results on Thursday, September 18th. The company reported ($2.52) earnings per share for the quarter, missing analysts’ consensus estimates of ($2.44) by ($0.08). The company had revenue of $225.60 million for the quarter, compared to analyst estimates of $240.41 million. Scholastic had a positive return on equity of 1.08% and a negative net margin of 0.65%.During the same period last year, the company earned ($2.13) earnings per share. Scholastic has set its FY 2026 guidance at EPS. As a group, sell-side analysts forecast that Scholastic Corporation will post 0.84 EPS for the current fiscal year.

Scholastic Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Monday, December 15th. Shareholders of record on Friday, October 31st will be issued a $0.20 dividend. The ex-dividend date of this dividend is Friday, October 31st. This represents a $0.80 dividend on an annualized basis and a yield of 3.3%. Scholastic’s dividend payout ratio (DPR) is -2,000.00%.

Scholastic Profile

Scholastic Corporation publishes and distributes children’s books worldwide. It operates in three segments: Children’s Book Publishing and Distribution, Education Solutions, and International. The Children’s Book Publishing and Distribution segment engages in publication and distribution of children’s print, digital, and audio books, as well as media and interactive products through its school reading events and trade channel; and operation of school-based book clubs and book fairs in the United States.